Electronic Arts 2008 Annual Report Download - page 137

ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except par value data)
March 31,
2008
March 31,
2007
ASSETS
Current assets:
Cash and cash equivalents ............................................ $1,553 $1,371
Short-term investments .............................................. 734 1,264
Marketable equity securities ........................................... 729 341
Receivables, net of allowances of $238 and $214, respectively ................. 306 256
Inventories ....................................................... 168 62
Deferred income taxes, net............................................ 145 84
Other current assets ................................................. 290 219
Total current assets ............................................... 3,925 3,597
Property and equipment, net ............................................ 396 484
Goodwill .......................................................... 1,152 734
Other intangibles, net ................................................. 265 210
Deferred income taxes, net ............................................. 164 25
Other assets ........................................................ 157 96
TOTAL ASSETS .................................................. $6,059 $5,146
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .................................................. $ 229 $ 180
Accrued and other current liabilities ..................................... 683 814
Deferred net revenue (packaged goods and digital content) .................... 387 32
Total current liabilities ............................................. 1,299 1,026
Income tax obligations ................................................ 319 —
Deferred income taxes, net ............................................. 5 8
Other liabilities ...................................................... 97 80
Total liabilities ................................................... 1,720 1,114
Commitments and contingencies (See Note 9)
Stockholders’ equity:
Preferred stock, $0.01 par value. 10 shares authorized........................ — —
Common stock, $0.01 par value. 1,000 shares authorized; 318 and 311 shares issued
and outstanding, respectively ........................................ 3 3
Paid-incapital..................................................... 1,864 1,412
Retained earnings .................................................. 1,888 2,323
Accumulated other comprehensive income . ............................... 584 294
Total stockholders’ equity ......................................... 4,339 4,032
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ................. $6,059 $5,146
See accompanying Notes to Consolidated Financial Statements.
Annual Report
61